Preliminary communication

Small and medium enterprises in the European Union - a challenge of introduction a single currency 12 years later

Kristina Vrhovec-Žohar orcid.org/0000-0002-1248-6752
Igor Klopotan ; Sveučilište Sjever, Sveučilišni centar Varaždin, Varaždin, Hrvatska

Abstract

This paper aims to show the position, status and problems of SMEs in the EU in relation to the introduction of the single currency, the adjustment to the changes they were confronted with, and point to the undeniable importance of its development. Why exactly SMEs? Primarily for reasons that developed countries recognized long time
ago, and that is the fact that importance of small businesses in general liesin their flexibility and adaptability to changes in the situation of supply and demand in the market, they create employment, help diversify economic activities and provide a significant contribution to exports and trade. One could therefore say that SMEs, for the most part, keep in their hands" the economy of the EU countries. This topic is relevant because the position of SMEs in the European Union is viewed from the aspect of one of the biggest events in history, and that is the introduction of a single currency
for all member states in which SMEs play a crucial role in facilitating the adjustment to the currency change.

Keywords

EU; small and medium enterprises; the introduction of euro; the abillity to adapt

Hrčak ID:

131576

URI

https://hrcak.srce.hr/131576

Publication date:

15.12.2014.

Article data in other languages: croatian

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